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. heather: good thing. all right so growing concerns for the future of u.s. cities as stoc stockton, california heads to bankruptcy court. they racked up a billion dollars in debt in two years. we hear about other places in similar situation. some are wondering whether other u.s. cities will soon follow. matt mccall is president of financial group l. l. c. and countdown to the closing bell on fox network. california's 13th largest city officially heading to bankruptcy court today. a city in detroit trying to avoid the same thing, the largest city ever to be put under state control. if i live in a small town say in mississippi, i live in a farming community out in midwest or here in the big city of new york city, why do i care, how does it effect me, liz? >> it is interesting if you are part of a municipality that is in debt. when it comes to the clip that happened here situation probably unlikely unless your city finances are in such arrears and a dire state that you too should be watching. everyone can learn a lesson with what is happening in stockton, california today. heather: ta
:14. this morning, stockton could become the largest city in the u.s. to go bankrupt, but not everyone is happy with the financial decisions. our router is live in -- our reporter is live in sacramento where the hearing is set to get underway in just a couple of hours. good morning. >> reporter: good morning. the bankruptcy trial for stockton gets underway in two hours at the federal courthouse in sacramento. officials are very nervous because the judge is only giving them a small amount of time to present their case. city officials admitted they didn't manage their money properly when times were good. they akum dated about a billion dollars in debt. stockton will continue to negotiate with creditors. that trial gets underway at 9:30. city officials are confident they can do this. back to you. >>> britain's prince harry will visit -- visit the united states in may. he made headlines after being caught naked traveling around. he will be traveling from may 9th until the 15th. one of his scheduled stops includes a visit to new jersey to tour the damage from
of psychiatric help. after talking with police the suspect surrendered. no one was hurt. and and stockton is poised to become the most populous city in the nation to enter bankruptcy when its trial begins today in federal court. creditors who lent stockton money are challenging its chapter 9 bankruptcy petition, but most observers say the city of 300,000 will be successful. its largest creditors are bond insurers who helped the city refinance pension debt. police in south san francisco are searching for a serial arsonist who started three fires in the city over the weekend. police said two fires were lit in orange park on memorial drive and a third was started near the 500 block of el camino real. fiske all three fires were quickly extinguished and caused little damage, police said. no suspect information was immediately available. police search for arsonist this weekend police said two fires were lit in orange park on immediately available. the san mateo county sheriff's office is warning rash of 'door-knock' burglaries that have occurred in residential neighborhoods around san according
, stockton is poised to become the most populous in the nation to enter bankruptcy when its trial begins tomorrow in federal court. creditors who lent stockton money are challenging its chapter 9 bankruptcy petition, but most observers say the city of 300,000 will be successful. its largest creditors are bond insurers who helped the city refinance pension debt. >> we are seeing changes with the wind coming off the ocean and increase with clouds.hall signs of changes. even wet weather. temperatures are cooling to 50 degrees in san francisco fairfield, brentwood. low clouds coming off the ocean. tomorrow you will see gray skies but as we go for the afternoon some high clouds with clouds and gusting winds will be expected. and on the in income if chance for rainfall. new york's coney island is now open for business. today senator chuck schumer the start of the park's season. coney island opens the week before easter every year. but this year a lot of work had to be done to the electrical system that was damaged during superstorm sandy. officials say that today's celebrations serve as a remi
and is going to help them win elections. >> i don't remember if you remember the stockton, he brought ted nugent to the -- >> yeah. >> krystal, he tweeted out, the best thing about the earth is if you put holes in it, oil and gas come out. how is that for kinder and gentler? he actually tweeted this. >> and that's part of the problem. if you have any concern about the environment, if if you have any concern about climate change, are you going to look to someone that's a party that's saying things like that? that's not offering any solutions and i think that's part of the problem. cap and trade, which has been thoroughly demonized, that was a conservative idea. that's a market-based approach to dealing with climate change. democrats have adopted some of these goods, market-based things that they used to do. if they are going to be an effective party and opposition, they have to offer nuance responses. it's worked for them a while but now that well has run dry, so to speak. >> and i think joan made a very good point. usually they take an autopsy after you've been pronounced dead. they don't
everything possible to pay its debt, stockton would be first city to file for bankruptcy. >>> lawyers for dr. conrad murray argue that prosecutors didn't prove jackson was hooked up to an i.v. drip of the drug that killed him. the defense theory claims that jackson administered the deadly doze himself while murray was away. murray is currently serving four years in prison. >>> apple has acquired a palo alto start up for a reported $20 million. wifi slam focuses on indoor mapping and has developed technology that can locate a users location using wifi. the purchase is among several the cupertino company has made in recent years in an effort to improve it's mapping capabilities. >>> the san jose city council is expected to improve an incentive couple for the expansion of samsung semi conductor. the deal was outlined in a signing with governor brown and senator reed. it includes reimbursements. samsung is a subsidiary of samsung electronics. >>> for many christians, easter is a time to reflect on god's gift to mankind but for others it can be a chance to delight on candy and sweets. there weeke
stockton now on the verge of bankruptcy, if not there. these problems -- they all will start the very tryingers charlie is talking about, and it could go here. i don't think it will for a while but it will. >> the chinese have to have place to put their money. they'd rather put their money in a u.s. treasury bond. but something is going to change. there's going to be a point where maybe the germans' currency is the place to go. our deficits are so high. >> neil: you're assuming the euro goes away. >> who knows by the way. i it only takes one, when the south seceded from the north -- >> neil: get out of this club. no one gets higher ratings from young viewers or makes us a much buck -- i'm talking how it is that jay leno's boss wants him out. a lesson on corporate snakes that is all too well known. >> you know the hollen general of st. patrick, right? drove all the snakes out of ireland and then they came into the united states and became nbc executives. it's a fascinating story. we went out and asked people a simple question: how old is the oldest person you've known? we gave people a
week the library of congress selected it along with 23 other recordings for preservation. >>> stockton is said to become the most popular city in the nation to enter bankruptcy when its trial begins tomorrow. creditors who have lent the city money are challenging its chapter 9 bankruptcy petition. creditors plan to argue that the city has not done enough to cut spending. >>> a mock plane crash here in the bay area was designed to help specially trained dogs sharpen their search skills. crews with their dogs took part in this training in the shell ridge open space in walnut creek. the goal was to train volunteers for a real-life emergency. >> the dog handlers, their crews would come out, locate the casualties, and then provide treatment and ultimately evacuation. organize wears the california search and rescue dog association say rescuers don't usually see this type of situation, and they're hoping that this drill will help them in the future in case the real thing happens, they will be better prepared. >> coming up on 9:24. let's turn to rosemary and see how we're looking. the last cou
to upper 60s. >> 8:51 a.m. and after years of struggle stockton is poised to become the most popular city and the answin then to enter bankruptcy when its trial begins tuesday in federal court. creditors to when stock and money are challenging its chapter 9 bankruptcy petition but most observers say the city of 300,000 will be successful. its largest creditors are by the answer is to help the city refinance pension that. police incenses the are searching for a serial arsonist who started three fires in the city over the weekend. police said two fires were lit in large part on memorial drive and a third was started near the 500 block of el camino real out. all three fires were strictly distinguished and caused little damage police said. no suspects information was immediately available. >> traffic moving smoothly and both areas of the bridge, we will be back. new nehoney bunches of oats greek yogurt and whole grain. herehe we go. honehoy corncoflakes and chunks of greek yogurt. i'i'm tasting both the yogurt and the honey at the same time. i'm like digging this yogurt thing. i feelfe health
Search Results 0 to 8 of about 9